Cement Sales Decline by Almost 15% During January 2024

In the beginning of 2024, there was a 14.79 % drop in cement exports when compared to that same month in the year before, reaching a total of 3.414 million tons exported.

The All Pakistan Cement Manufacturers Association provided data showing a 17.30 percent reduction in local cement dispatches in the month of January 2024, from 3.588 million tons in the first month of 2023 to 2.967 million tons in the same month in 2024.Between January 2023 to January 2024, the amount of goods exported produced from 418,067 tons to 446,595 tons, resulted in a 6.82 percent growth in export dispatches.

In comparison with January 2023, where 2.892 million tons of cement was transported, the North American cement mills exported 2.434 million tons of cement in the first month of 2024, showing 15.83% loss. In contrast to January 2023, where 1.115 million tons of cement was transported, south-based mills delivered 979,970 tons of cement, a 12.08 percent drop.

In January 2024, cement mills situated in the North delivered 2.385 million tons of cement to local sectors, a 16.50 percent fall compared to the 2.856 million tons delivered in the same month last year. During January 2024, south-based mills delivered 582,258 tons of cement to local markets, representing 20.43 percent drop from the 731,747 tons delivered in the same month that year.

During January 2023 and January 2024, the total number of mills located in the North reached from 35,215 tons to 48,883 tons, indicating a 38.81 % growth in exports. From 382,852 tons in January of last year and 397,712 tons in January 2024, exports from the South experienced a minute 3.88 % earn.

The All Pakistan Cement Manufacturers Association’s representative pointed out in a statement that the serious impacts of the fresh axle weight system, which severely reduces the vehicle capacity for loading and increases inside transport, freight, handling, and shipping expenses for export goods in along with operational inefficiency.

Cement prices will be hit from each one of these factors that possibly will result to higher costs for local customers and negative effects on markets for exports. He maintained, “The organization has repeatedly asked the relevant government agencies to examine the recently introduced axle capacity rules and make the sector’s concerns first attention.”

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